Earnest Partners LLC decreased its stake in Keysight Technologies Inc (NYSE:KEYS) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351,490 shares of the scientific and technical instruments company’s stock after selling 6,922 shares during the period. Earnest Partners LLC owned approximately 0.19% of Keysight Technologies worth $20,748,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in KEYS. Dupont Capital Management Corp bought a new position in Keysight Technologies in the second quarter worth $102,000. Cerebellum GP LLC bought a new position in Keysight Technologies in the second quarter worth $179,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Keysight Technologies in the second quarter worth $189,000. IBM Retirement Fund bought a new position in Keysight Technologies in the first quarter worth $217,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Keysight Technologies in the first quarter worth $227,000. Institutional investors and hedge funds own 87.32% of the company’s stock.
Shares of NYSE KEYS opened at $65.74 on Friday. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 24.37 and a beta of 1.06. Keysight Technologies Inc has a 52-week low of $39.54 and a 52-week high of $70.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.42 and a quick ratio of 1.75.
Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, August 21st. The scientific and technical instruments company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.10. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $961.91 million. Keysight Technologies had a return on equity of 20.58% and a net margin of 6.50%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. sell-side analysts predict that Keysight Technologies Inc will post 2.89 earnings per share for the current year.
In other Keysight Technologies news, SVP Mark Adam Wallace sold 29,786 shares of Keysight Technologies stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $61.50, for a total transaction of $1,831,839.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.97% of the stock is currently owned by company insiders.
Several research analysts recently commented on KEYS shares. Jefferies Financial Group raised their target price on Keysight Technologies to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Zacks Investment Research cut Keysight Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. ValuEngine cut Keysight Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Credit Suisse Group lifted their price objective on Keysight Technologies from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. Finally, Barclays set a $58.00 price objective on Keysight Technologies and gave the company a “buy” rating in a report on Thursday, May 31st. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $68.22.
Keysight Technologies Profile
Keysight Technologies, Inc provides electronic design and test solutions to communications and electronics industries internationally. Its Communications Solutions Group segment provides radio frequency and microwave test instruments and related software, and electronic design automation (EDA) software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and laser source products, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.
Further Reading: Short Selling
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